Board Meeting Outcome: Q1 results approved, non-executive director appointed, CFO remuneration revised

Unaudited standalone and consolidated results for the quarter ended June 30, 2026; the limited review report has no qualification.

Tue 6 Oct 2026

Consolidated revenue from operations (Q1 FY27)

1,074.48 (₹ Million)

Consolidated profit for the period

172.95

Basic and diluted earnings per share

2.04

Glass Wall Systems (India) Limited held a board meeting on Tuesday, October 6, 2026, which commenced at 05:45 p.m. IST and concluded at 06:30 p.m. IST. The board approved the quarterly results, a new non-executive director and a revision in the Chief Financial Officer's remuneration.

Results for the quarter ended June 30, 2026

• The board considered and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, as reviewed and recommended by the Audit Committee and limited-reviewed by M/s. S R B C & CO LLP, Chartered Accountants. The Limited Review Report does not contain any qualification.
• On a consolidated basis, revenue from operations for the quarter was 1,074.48 (₹ Million), against 791.19 (₹ Million) for the quarter ended June 30, 2025.
• Consolidated profit for the period was 172.95, against 187.31 in the same quarter a year earlier, and basic and diluted earnings per share was 2.04.
• The consolidated statement covers the company and its subsidiary, Yes Systems Private Limited, and has been drawn up for the first time in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, following the listing of the equity shares.
• The results are being submitted to the stock exchanges and will also be made available on the website of the company.

Appointment of an Additional Director

• Mr. Amit Jawahar Hemrajani (DIN: 07206907) has been appointed as an Additional Director in the category of Non-Executive Director with effect from October 6, 2026, for a term of five consecutive years, subject to the approval of the shareholders.
• His appointment shall not be liable to determination by retirement of directors by rotation.
• He is a graduate in Architecture from the Royal Institute of British Architects (UK) and has held senior positions in the façade and fenestration industry.
• He is related to the Promoters and Promoter Group of the company: he is the son of Jawahar Hemrajani, Director, and the brother of Eshan Hemrajani, Director.

Revision in CFO remuneration

• The board approved a revision in the remuneration payable to Mr. Sanjay Sawant, Chief Financial Officer of the company, with effect from April 01, 2026, as recommended by the Nomination and Remuneration Committee.

Other points from the notes to the results

• The company completed its initial public offer of equity shares at an issue price of ₹182 per equity share, comprising a fresh issue aggregating to ₹600.00 Million and an offer for sale by selling shareholders; the equity shares were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on 16 September 2026.
• The company has incorporated PP Vitrum Systema Technologies Private Limited as a wholly owned subsidiary.
• The Employee Stock Option Plan 2025 was introduced during the year ended March 31, 2026.
• The notes also record a tax matter: the Maharashtra Sales Tax Tribunal quashed the demand in the MVAT and CST assessments, an application shared by the department was dismissed, and the department has since shared a petition before the Bombay High Court.

How to read this

• The announcement is a board outcome covering the first quarterly results after listing, a board-level appointment and a pay revision. Revenue from operations for the quarter was higher than the year-ago quarter, while profit for the period was lower than the year-ago quarter.

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